B&G Foods Inc (BGS)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	802,824	1,018,820	834,456	737,301	661,793
Total current liabilities	US$ in thousands	262,418	271,534	244,287	245,652	216,908
Current ratio		3.06	3.75	3.42	3.00	3.05

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $802,824K ÷ $262,418K
= 3.06

The current ratio of B&G Foods Inc has shown some fluctuations over the past five years. In 2023, the current ratio stands at 3.06, indicating that the company has $3.06 in current assets for every $1 of current liabilities. This ratio has decreased from the previous year (3.75 in 2022), suggesting a potential liquidity concern.

Despite the slight decrease in 2023, the current ratio remains above 2, which is generally considered a healthy level for most companies. This indicates that B&G Foods Inc has a strong ability to meet its short-term obligations with its current assets.

Looking back over the five-year period, the company's current ratio has fluctuated within a relatively narrow range, with the highest ratio observed in 2022 (3.75) and the lowest in 2020 (3.00). Overall, the trend indicates that the company has maintained a solid liquidity position, albeit with some variability.

Investors and stakeholders may want to monitor future changes in B&G Foods Inc's current ratio to assess the company's short-term liquidity position and financial health.